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Old 11-29-2020, 10:29 AM   #121
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Originally Posted by Andre1969 View Post
I couldn't find any tables that give a breakdown on how long a 50 year old might live (other than a generic estimate of 81 years on average), but according to the SSA's actuarial tables, it looks like a man in general has about an 18% chance of living to 90.
Try this longevity illustrator from the Society of Actuaries.
https://www.longevityillustrator.org/
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Old 11-29-2020, 10:45 AM   #122
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Quote:
Originally Posted by Andre1969 View Post
I couldn't find any tables that give a breakdown on how long a 50 year old might live (other than a generic estimate of 81 years on average), but according to the SSA's actuarial tables, it looks like a man in general has about an 18% chance of living to 90.
Here is one where you can enter your starting age and general health condition, and get a "custom" mortality table: https://www.lifeexpectancy.org/asp/Calculator/

For a 50-year-old in good (not excellent) health, one has the likelihood of living to the following ages:
60 -- 97%
70 -- 89%
80 -- 66%
85 -- 48%
90 -- 27%
95 -- 10%
100 -- 3%
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Old 12-08-2020, 02:45 PM   #123
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Originally Posted by Andre1969 View Post
Yep, that one looks pretty optimistic as well. According to it, I have a zero percent chance of running out of money, until the age of 85.

Then, at 85, I have a 0.3% chance of being broke. But a 66.6% chance of being dead!
Yeah, that calculator is why I don't consider retiring in your 50s to be particularly "early"

I have the same 2/3 chance of being dead by age 85, a little over 30 years from now.
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Old 12-08-2020, 03:05 PM   #124
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I have a COLA military pension of $49k. SS @ 70 will be $58k. $108k total @ age 70. I have free healthcare for me and my wife (Tricare) until age 65, then I go on Medicare and get a free supplement from Tricare. Lots of life insurance until age 78. I am 60/40 with 25% international.

I have been hoping I could retire @ 55 but needed a package to do it. Now that that might be possible, I would love to move on. I am a VP of business development in the defense world with a top secret clearance so if I wanted to work, I could easily find another job. I'd rather be a pet sitter and work at Ace Hardware.
A bit off-topic, but the Tricare supplement is no longer free (at least for Tricare Select), $12.50 per month for an individual, $25 per month for a family. It is deducted as an allotment from your retired pay, but you have to set this up.
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Old 12-08-2020, 03:29 PM   #125
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A bit off-topic, but the Tricare supplement is no longer free (at least for Tricare Select), $12.50 per month for an individual, $25 per month for a family. It is deducted as an allotment from your retired pay, but you have to set this up.
Affirmative.
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Old 12-09-2020, 12:03 AM   #126
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"tricare for life" is still no charge. still have to pay for medicare B.
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